Legal Opinions

Year 2001


01-010
12/18/2001

ASSOCIATED PHARMACIES, INC.

Request for issuance of a no action letter, determining that the Certificates of Membership and Participation in API are not a security within the meaning of the Arkansas Securities Act. 

01-008
10/3/2001

ARKANSAS SECURITY CAPITAL CORPORATION

Request interpretive opinion regarding integration of two 506 Reg D offerings more than 6 months apart and then an intrastate public offering registered by qualification.

01-009
10/3/2001

THE SECURE GROUP, LLC.

Request for response to letter asking if the company's business activities are now regulated by the Department as the sale of viatical settlement contracts under the Arkansas Securities Act.

01-006
7/27/2001

ARKANSAS PHYSICIANS MANAGEMENT, INC.

Request no action that shareholder is not an issuer even though he is a director based on § 23-42-504(a)(1). Shareholder owns 3% of outstanding stock.

01-005
7/6/2001

TRUSERVE CORPORATION

Cooperative hardware company requires ownership in Common Stock to gain membership in coop. Request no action opinion that stock is not a security within the meaning of § 23-42-102(15)(A) of the Act. 

01-004
6/25/2001

ANTHEM INSURANCE COMPANIES, INC.

Request for no-action position with respect to the conversion of a mutual insurance company to a stock insurance company based on Rule 504.01(A)(12)(g) promulgated under Ark. Code Ann. § 23-42-504(a)(12). 

01-003
5/29/2001

 UNION POWER PARTNERS, LP.

Request for opinion on whether a consortium of banks, or Citibank, N.A., as its administrator, must be registered as a mortgage loan company based on Arkansas Code Ann. § 23-39-306(a)(1).

01-002
4/25/2001

COLLINS BAY ISLAND SECURITIES

Request for opinion that company is exempt from registration in Arkansas as a broker-dealer as defined and provided for by the Arkansas Securities Act.

01-001
1/23/2001

PRINCIPLE MUTUAL HOLDING COMPANY

Request for the issuance of a no action position regarding the conversion of a mutual life insurance company to a stock life insurance company according to Rule 504.01(A)(12)(g).


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